The premium income of listed insurance companies in July before July realized the value of the new business value of the new business value, and the limited pressure is still under pressure

Recently, the premium data of the A -share listed insurance enterprise before 2022 was released. On the whole, the five insurance companies of China PICC, China Life, Ping An of China, China Tai Insurance, and Xinhua Insurance achieved premium income of 1.75 trillion yuan, an increase of 4.29%year -on -year. Specifically, the premium income of the first 7 months of the first five insurance companies was 416.03 billion yuan, 469.6 billion yuan, 486.2 billion yuan, 264.62 billion yuan, and 112.2 billion yuan. , 8%, 2.1%. All the five insurance companies have achieved positive growth, reversing the situation of "four liters and one drop" in the past few months.

Increased Lifetime Life Promotion New Single Growth

From the perspective of personal insurance companies, Guishou, Ping An Life, Taibao Life Insurance, Xinhua Insurance, Xinhua Insurance, People's Insurance Life Insurance, Taiping Life Insurance, and Guohuayu jointly obtained 1.24 trillion yuan, an increase of 1.26%year -on -year.

Personal insurance companies' premium performance has further recovered. Haitong Securities believes that the base of the listed life insurance companies is low in the same period last year, and at the same time, the growth of long -term savings business premiums represented by the increase of life insurance products is relatively fast. With the improvement of the domestic epidemic prevention and control situation, the scale of agents has stabilized and rebounded, and the growth rate of new single premiums in each company may continue to improve.

However, due to the continuous downturn of long -term guarantee business, the growth of new business value of various listed life insurance companies may continue to undergo pressure. The industry also analyzed that the new order growth brought by the increase of life -long life is difficult to make up for the value pressure of the decline in critical illness, and it is expected to have a limited impact on the value of new business value. Many brokerage firms predict that the growth rate of the cumulative new business value of companies in the first 7 months is still negative.

The prosperity of property and insurance continues up

From the perspective of property insurance companies, five listed property insurance companies of PICC Property & Casualty Insurance, Ping An Insurance, Taidao Property & Casualty Insurance, Taiping Property & Casualty Insurance, and Zhong'an Online have achieved a total of 613.553 billion yuan, an increase of 10.13%year -on -year. The brokerage firms predict that the decline in the car insurance compensation rate will boost the underwriting profit margin from the second to third quarter of the 2022 to the third quarter.

The situation of the epidemic situation has improved, the purchase tax of the superimposed fuel vehicle is reduced, the implementation of the new energy vehicle to the countryside is implemented, and the sales of passenger vehicles have maintained a high growth rate. Therefore, the premium of auto insurance premiums in various places is rapid. At present, my country ’s support for automobile consumption is clear. It is expected that this year will increase about 200 billion yuan in automotive and related consumption. Property & insurance companies are expected to benefit in depth.

"The growth rate continues to recover or mainly due to the good situation of the prevention and control of the epidemic in various places, the social distance restrictions are limited in order, and the consumption policies of various stimulus car are gradually landing. From the second quarter of 2022 to the third quarter, the car insurance compensation rate downward boosted the underwriting profit margin, and the compensation brought by the decline in the travel rate saved far greater than the decline in new car premiums, and the prosperity of the property insurance continued to rise.

(Overview of the news Yanzhao Metropolis Daily reporter Li Hongbo)

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